Citi adds ‘upside 90-day catalyst watch’ on Karman after management meetings

Citi added an “upside 90-day catalyst watch” on Karman (KRMN) while keeping a Buy rating on the shares with a $125 price target After hosting management for a fireside chat at the firm’s Industrial Conference, the analyst walked away with increased conviction in Karman’s long-term compounding algorithm. Citi expects the company to beat guidance as the year progresses given that demand signals supporting each of its key exposures have continued to strengthen, the analyst tells investors.